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  1. Iraqi Kurdistan Gas Pipeline Boost: Turkey Exports Next?

    ...reement, Kurdistan was to supply Turkey with an initial 4 bcm/year from 2017, rising to 10 bcm/y by 2020 with the option of increasing to 20 bcm/y (MEES, 17 January 2014). A 2017 agreement for Rosneft to construct a pipeline with up to 30 bcm/y capacity also came to naught. Progress since then has been es...

    Volume: 65
    Issue: 06
    Published at Fri, 11 Feb 2022

  2. Syria Says Oil Sector War Damages Hit $100bn As Assad Loyalists Scoop Contracts

    ...y asset in Kurdish-held territory is the 20,000 b/d Block 26 along the Iraqi border, which since January 2017 has been operated by Syrian state firm GPC under a revenue-sharing deal with the local Kurdish authorities (MEES, 11 June 2021). Despite GPC’s operatorship, production from Block 26 appears to...

    Volume: 65
    Issue: 06
    Published at Fri, 11 Feb 2022

  3. Majors Capex Down Again To Lowest In Over A Decade, 2022 To Remain Restrained

    ...ropean firms’ 2021 spending was disciplined, their US counterparts’ outlay was positively anemic. ExxonMobil’s spending fell by 22% to just $16.6bn, falling below that of Shell to make 2021 the first year since 2017 that Exxon has not been the top spending major. But Exxon is also penciling in the la...

    Volume: 65
    Issue: 06
    Published at Fri, 11 Feb 2022

  4. Dubai’s Coal U-Turn Simplifies UAE Energy Messaging

    ...pacity to handle domestic demand without Hassyan. Capacity (including the first 600MW at Hassyan) exited 2021 at 13.2GW, and rose to 13.4GW last month, while MEES estimates that peak load was around 10GW (see chart 1). REVISING 2050 TARGETS          When the UAE in 2017 set out its National En...

    Volume: 65
    Issue: 06
    Published at Fri, 11 Feb 2022

  5. BP/Equinor Algeria Gas Output Rebounds In 2021

    ...is was still almost 300mn cfd lower than 2017’s record 815mn cfd. In Salah’s output rose 19% to 571mn cfd in 2020 – the second lowest on record after 2020’s 481mn cfd. Partners BP, Equinor and Sonatrach have struggled to halt production declines over the years, despite the completion of field tie-in...

    Volume: 65
    Issue: 06
    Published at Fri, 11 Feb 2022